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Supporting BrainDrip LLC's Entry into the Hydrogen Market

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Thoughts

Supporting BrainDrip LLC’s Entry into the Hydrogen Market

6th Nov, 2024

About the client

BrainDrip LLC are an innovation & technology developer in the gas sector, based in the USA. They specialise in gas storage, transmission and distribution equipment, holding over 40 patents. Their Innverated Tubular Composite (ITC) is a lining system for gas pipelines, suitable for transporting many gasses including hydrogen.

The Challenge

BrainDrip LLC are looking to raise Series B funding to invest in production capacity to roll out the technology and capture market share. In order to do this, they support from a partner in the industry to:

  • Support their understanding of the market
  • Create an independent financial model
  • Provide a valuation for their product

The Solution

Gemserv were selected to complete a detailed market study into the hydrogen and natural gas markets in the chosen regions of the USA and EU. Our role involved:

  • Investigating greenfield and pipeline renewal demand and gas storage demand
  • Evaluating the ratio of these that are applicable to BrainDrip’s ITC technology
  • Developing a quantification of the potential of each market studied
  • Creating a full financial model

The Impact

Our investor-ready report and model offered insights and understanding to BrainDrip LLC. The report allowed our client to:

  • Guide the decision-making of their management team
  • Assist strategic development
  • Provide potential investors, clients and customers with vital information
  • Convey their value proposition clearly and confidently

Authors

Harry Morton

Principal Consultant - Hydrogen

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